is...Senior Communications Advisor, MDCE
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Then tell me Buzz what you want?
I can't perform magic on documents from China. I can only use what China has and the general expectations there for end use are considerably lower than ours.
I can't appeal to legitimate HK or Chinese business people to get them to be "more open" to US expectations and investigation.
So tell me, what more can we do?
As you know, any embryonic company comes out with its original plan. If it's a simple plan for an uncomplicated business, to be run locally, that original plan is only likely to change by around 40% before the company opens its doors.
(Ref "Economics of Development" : Gillis, Perkins, Roemer, Snodgrass.)
If, however, the company has a complicated plan, for something that has never been done by a Western company before, in a nation that does not think the way we do ..... I would expect that original business plan and subsequent adjustments, to alter dramatically. Am I missing something here?
We are doing the best we can, as we try to understand your concerns. I hoped that today's PR would help to clarify things Buzz, I really did.
What's understandably difficult for you to grasp, is some of the relationships we are obliged to enter into, to do business in China.
As a foreign company, we need Chinese partners. That's a given .. no choice, we have to do it. Some of these companies are hard to find on the Internet! Yeah!! Sorry, but that's the way it is!
Look Buzz, Hong Kong has been reunited with China for just 25 years! Before that it was a British Colony, just like the US in 1775! There's always been Chinese money in Hong Kong but as long as British soldiers patrolled the streets, that money was stuffed under a mattress!
Today, under China's inspired and liberal administration, Hong Kong survives as an Asian economic powerhouse. But old habits die hard! The Economist magazine estimates that 75% of Hong Kong's wealth is still harbored under beds, not in banks or investments.
What advantage is there for a wealthy HK businessperson to advertise their worth? If you do business in HK you know where to go. If you don't, who needs you anyway?
Okay, try taking that logic to the Chinese mainland. Multiply everything by a quotient of 20!!
In the West we have a business community that, over the sometimes painful history of the past 100 years, has developed into an open, publicly registered, visible entity.
China rose like a Pheonix from the rule of MaoTseTung in 1977! Mao made mistakes but he unified the country for the first time in history. And look what that country has achieved!
But for all that, for all the money made, for all the riches, could China really be expected to change its entire psyche in less than a lifetime?
Centuries of anonymity for the sake of survival can't just disappear overnight.
You guys don't like our pictures of the clinic. Fair enough! But you're not likely to get any better ones until I go to Shenzhen myself.
You don't like our documents from China. Most were never destined for major consumption in America! They suffice where they belong! I've busted my backside over that darn Shenzhen layout plan ever since I got it a month ago. The bottom bits are where we will be! What more can I say?
You all knew when you bought shares in MDCE, what we intended to do. We were going to open kids' clinics in China. China, not Milwaukee ..... running out of US places as comparisons!
This was going to be different! This business was going to be in China.
This business was a startup, so hang onto your hats!!
Did we promise anything more? No, seriously, did we promise anything more?
So here we are! Fall 2012!!
We are going to open Kid's clinics in China ... not Milwaukee!!
So, sometimes what we say might seem a little"grey". Sorry! I do the best I can with the information I am given. And the information I am given us all the information that exists.
I value my thumbs, Mei Mei!
Hello everybody, delighted to be joining you all this evening!
Our website is absolutely frightful, isn't it? We can barely post a darn thing on it! Still, fiscal responsibility, eh? What would you prefer, a new, improved website or a state-of-the-art stethoscope? I'd vote for the website, hands down! But aging English majors don't stand a snowball's chance in Hell these days against the technocrats!
Anyway, another release coming out tomorrow, so sharpen your machetes! Can't tell you what's in it for fear of a lengthy term hanging by my thumbs, courtesy of the SEC.
Let's see who'll beat me to writing it up here first!
Just FYI, CEO Wu, COO Kuo, myself, and others, work full-time on MDCE business. Today is not "months ago". Today is the final stretch of the marathon that will see us go into business. If we didn't believe that then yes, we would have other "daytime jobs", but we don't.
To the shorters in our midst, who will soon be leaving us, I would say "Thank you. You will not be missed. But your comments have amused the rest of us and we will always view you with ... nostalgia! You will find other penny stocks to vent your frustration upon .. that's what the giant Fan Tan game of OTCBB is there for."
To those of you hanging in for the long term, we are moving on, undeterred by daily pps reports. We are moving forward towards our goal of Children's clinics across China. And we will not stop until we get there. The MDCE story is the business, not the pps paper trail.
In the minutes following the dissemination of a release, I monitor the major financial sites, Google F, Bloomberg, Yahoo F, etc to make sure our stuff gets there. Several of you get to globenewswire or whatever while I'm still monitoring and post it to IHub from there. I don't see any point in repeating the process if the release is already up.
The question was also raised about the "heads up" I would give before an impending release. I haven't been able to do that for the last few. Please understand that things are moving rapidly on a number of fronts simultaneously at present. As soon as we have news on one front, we'll release it. It means that I don't have the lead time I had a couple of months ago to alert you that something's coming.
The Dragon Link we are dealing with is located at : Level 19, International Finance Center, 8 Finance Street, Hong Kong.
Remember, this is a private, not public, company. So you may not find much information on the web, not in English anyway.
From MDCE's point of view, it is a company with close connections to at least one of our Directors.
And that's all the info I have.
No, not that person. You spelled his name incorrectly. You'll find his bio on this link :
www.medicaretechinc.com/management
Mei Mei is quite correct. Change8 is Luis Kuo, MDCE's COO.
The following Press Release was sent out at 1:00pm Eastern today.
Medical Care Technologies Inc. obtains financing to secure lease for Shenzhen Kid's Health Center.
- Funds enable management to proceed with construction phase.
BEIJING, CHINA - September 7, 2012 - Medical Care Technologies Inc. (OTCBB: MDCE), a growing children's healthcare service provider, is pleased to announce that it has secured direct investment of $35,000 from a Florida private growth capital firm, Five Nine Global Partners LLC.
The direct financing was used to guarantee the lease premises for the building location of the Shenzhen Children's Health and Wellness Center - a major milestone and a necessity before construction can begin. The company's recently approved health center license covenants that the license is restricted and specific to the building site and premises selected for the operation of its children's health center. Had the lease not been secured for this specific site, the license would have been revoked and the Company would have had to re-enter the application and licensing process again from the beginning. The proceeds enabled Management to lock in over 4,500 square foot street-level space in a high-end, garden-style commercial and residential building complex for three months while construction is carried out.
"The financing will not immediately add any additional shares into the market place and will allow us to concentrate on building our new center", said CEO Ning Wu. "We are very fortunate to have supportive investors who recognize the potential of our healthcare service business."
Of course you're right Buzz. Completion and revenue is exactly what it's all been about from the start. And we are on track for our previously projected opening date of the end of this year. It's been a long haul. The biggest hurdle was securing government permission and approval for the entire project.
It is not easy for a foreign company to walk into China and set up its stall. It's a long and complicated process and many more foreign companies fail at it than make it, despite the fortunes to be made there. CEO Wu and MDCE's Directors have pulled off a considerable coup. That's why we have no competition in China. We're "it"in this gold mine of a field. And we're not a multinational with deep pockets looking for a branch plant in China ..... those guys can afford to wait for many years and their bottom line won't budge much if they fail in their "let's take a crack at China" project. But China is all we do!! We're a small start-up with big dreams and the hardest part is behind us now. We're in China now and we're in to stay.
Regarding Dongguan. No, I don't see that falling by the wayside at all. We've got permissions to operate there and a site ready to go. As I pointed out in the release, the Shenzhen clinic will be within easy reach of Dongguan. But we're talking about a catchment area of 25+ million people here!! How's our one 4500 sq foot clinic going to handle that? We'll need the Dongguan site as well for sure. In fact if we were a multinational with bottomless pockets, given the State approvals we have, we'd be building 50 clinics, right now, today, in this small corner of southern China alone!! Read, and I know you have Buzz, the indisputable stuff Gregg has been posting on the demand across China for what we are going to do.
Read my post, I would suggest ALL of it. And the previous release here on this board.
The following press release was distributed to 14,000 media outlets at 1pm ET today. I can't post accompanying photos on this site. I will get them on the Facebook page tomorrow and they will be posted on the MDCE website ASAP. Bear in mind that MDCE's Communications Dept consists of me ... period! And I tend to get a little busy directly after a release goes out.
MEDICAL CARE TECHNOLOGIES INC. ADDS BRICKS AND MORTAR TO ITS VISION OF A NEW ERA IN CHILDREN'S HEALTHCARE IN CHINA.
- Management Team visits Site of First Western-style Children's Healthcare Centre in Shenzhen.
BEIJING, CHINA - August 30, 2012 - Medical Care Technologies Inc. (OTCCB: MDCE), a growing American company providing children's healthcare services and Western healthcare products distribution in China, provides an update on the recent initiatives taken by the CEO and COO in Shenzhen and Hong Kong.
Medical Care Technologies Inc., through it's Hong Kong subsidiary Reachout Holdings Ltd, is now occupying approximately 4,500 square feet of street-level space in the 'Lui Jin Hao Yuan' building (Green Gardens), an upscale, multi-storey commercial and residential building complex on Huangge Road in the Longguan District, a north-eastern area of Shenzhen. Constructed in 2010 and consisting of mixed use lease space, the building is home to children's shops, convenience stores and a kindergarten school, with ample parking space surrounding the complex. The site is located in a high-pedestrian, affluent, upper-middle class neighborhood and is across the street from the Shenzhen Universiade Centre, a 52 hectare landmark group of buildings housing world-class sports facilities, comprehensive service centre, convention and exhibition halls and major hotels.
The planned health centre is also in close driving proximity to shopping malls, restaurants, bus and subway stations, hotels, supermarkets, elementary and middle schools and Longcheng Industrial Park. It is expected that the Shenzhen health centre will serve a community and broader metropolitan area of over 12 million people, including more than a million children between the ages of 1 and 14 years. The health centre could also directly serve the two neighboring municipalities of Guangzhou (the provincial capital) and Dongguan, home to 25+ million residents as the site is a few minutes from the national highway which connects Shenzhen and Dongguan with a 20 minute drive.
"The location and physical layout of what we've leased could not be more ideal for the kind of innovative healthcare services parents in China have been demanding for their children for so long", said Medical Care Technologies Inc. CEO Ning Wu, following her first visit to the site just over a week ago.
As part of a high-end building complex, constructed to conform to the highest standards of China's building codes, major construction is not required. The Hong Kong and Canadian firms G-Design Consultants Inc and Art Team Inc are undertaking the interior remodeling necessary to convert the open floor spaces into medical examination and treatment rooms, a dental hygiene and examination room and the retrofitting of high-quality German-manufactured medical equipment as well as a large reception area, children's play area, restrooms and administration offices.
"I can clearly picture in my mind what it will look like in just a few months", said COO Luis Kuo. "the kind of work needed, wiring, plumbing and drywall construction can be completed quickly here."
In addition to visiting the healthcare site, CEO Wu and COO Kuo held extensive meetings in Hong Kong and Shenzhen with key project partners and leading government health officials instrumental in expediting the necessary regulatory approvals obtained by the Company in its eighteen-month quest to become China's first foreign, private, paediatric healthcare provider.
MDCE would be unlikely to face any such restrictions. As with most nations, China is sensitive to photographs being taken of certain military installations and things like that. So is the US. And certain businesses don't like to be photographed either. But again, that's quite common across the West. Taking pix of a regular building or on the street in China is fine. We may set our own restrictions when it comes to takings photos inside a working clinic. That is normal everywhere.
Good evening everybody. How are we all tonight? Nice to see the spirit of lively discussion is still with us. And they say the art of debate is dead in America! Anyway, enough idle chat from me. Press release tomorrow around noon. I'll post it here as soon as it goes out, as always. The skinny on the Shenzhen clinic site. Do you know it'll be the first foreign clinic for children in all of China? Well of course you do! And not a competitor in sight! Not even the tip of his hat poking over the distant horizon. Remarkable really. Yes, press release tomorrow, with photographs. Only two I'm afraid. It is a PRESS release after all. And the New York times gets a bit snappy if I send them a boxful.
Press Release has been delayed due to problems with photos from Shenzhen. Usable pictures are being taken tomorrow. The general release will be out by end of week. I'll post it here when it goes off to the media.
Of course I'm still here, guys. Signed a new six-month contract yesterday. And when it runs out, I'll sign another one. Like many of you, I'm in this for the long haul . The main advantage I have over you folks is that I know CEO Ning Wu and COO Luis Kuo and others in the company personally. You can all read their bios, see how successful they've been in the past. What the bios don't say is that they're sincere, good people, dedicated to this, to the kids of China and to making a very decent and honest buck in the future and that's why I'm in..... I believe in them. And yes, I get paid in MDCE shares, not the generous salaries I've received in the past. You can check that out too .... it'll be in the financial reports somewhere.
So, to business. CEO Wu and COO Kuo are now in Shenzhen. Ning Wu made a side trip to Guangzhou, seat of Guangdong's provincial government, after her meetings in Hong Kong. Never underestimate the importance of protocol in China. But they're now on site, hopefully snapping pictures obsessively!
A full media release will go out next week along the lines of "CEO visits site of China's first Western-style children's health centre." I'll attach the best of the pictures to the release as well ... a first for us, to have photo stories out there.
The release will concentrate on bricks and mortar, what's going into our space, what it will do and how long it will take. I'm hoping our interior designers can get me an understandable breakdown on basic plumbing and electrical details, how many non-retaining walls need to be built and where the reception area will be, etc, etc, this weekend. If they can't, our release will go out anyway and a second, with those details, will follow. As before, I'll post the release(s) here the minute they go out to the media.
This real, tangible place in Shenzhen city is ours, folks. "The story is the business, not the share price."
I've got a thick skin, guys! I am waiting for photos of the Shenzhen property. As most of you know, CEO Wu has been in Hong Kong for the last 10 days or so. She is now heading for Guangzhou, the provincial capital of Guangdong province, where both Shenzhen and Dongguan are located. Meetings like this are necessary, both for business and protocol. After Guangzhou she will be in Shenzhen itself and our COO, Luis Kuo will join her there. Everything is on track and the minute anything significant happens I'll let you know.
These are my own personal thoughts on our share price, guys. It’s NOT a statement or a release from the company, it’s just me. I’m a shareholder too but I’m a complete amateur on the market compared to you folks. I read every post here but it takes me long into the night because I have to google just about everything you write. So be patient if I sound like a grade 6 student.
I do have MDCE’s permission to say what I’m going to say …. which is pretty remarkable. I’ve never worked for a company before that has let me express my own opinion.
Several brokerages (and one in particular), control large quantities of MDCE shares. These houses specialize in selling short ...... they're a blight on the fortunes of start-up companies like us and are infamous for their actions. Several "experts" I've talked to can identify these brokerages by name.
When there is no obvious forward movement by MDCE, these guys hang onto their shares and wait. Thus we sat at the .0007 mark for a long time.
Then we began announcing solid progress towards our opening date. These brokerages immediately started to sell. And with each subsequent piece of good news, they've sold more.
They've estimated a low point that our shares could reach ..... possibly .0001 ...... and at that point they'll buy them all up again and make a fortune because they know the company will succeed in the long run and, basically they've manipulated the whole thing.
Apparently there's not a lot we can do about this. The company has been trying to buy back as many shares as it can but we're not a multinational with bottomless pockets. We've been working hard to restructure our financing and progress has been made but it's tough to stop these short sellers.
What makes things worse is that every "honest" broker out there recognizes what's happening to us and they and their clients are hanging tight until everything sorts itself out. What would be disastrous would be if they lost confidence and started selling as well. The general feeling is that this cannot happen to us. Our progress is too good. We will get over this and when the short sellers have fully had their way with us, our shares will take off ...... and sadly those very SOBs will be the biggest winners!
A good pal of mine is a retired stockbroker. He says this, "Just hang tight. It's frustrating but it will pass. And keep the positive news coming ....... smile like everything in the garden in rosy, because in a little while it will be."
There is is guys. Take it or leave it. Just a bit of layman's logic.
Regarding the Shenzhen site, MDCE's selected premises are in an existing building, so full construction will not be necessary. Having said that, the term "renovation" might not go far enough. To me that implies a splash of paint and a bit of drywall. Tailoring this location to our exact operational needs will be a bit more complicated than that, with some internal structural changes necessary. "Building" crews , by which I mean something between "construction" and "renovation", do work swiftly in China and our estimates for completion and subsequent opening are very realistic.
CEO Wu left for China this weekend and will be joined by COO Kuo shortly. I will be issuing a press release on their visit to the site, with photographs, within the next couple of weeks. This will give us another opportunity to put MDCE in the headlines, in addition to keeping you up to date.
It's only been three working days since our last release but reports of our penetration are exceptionally good....... we're getting the coverage we wanted and then some! This will continue over the next few weeks as more media outlets fit our story into their schedules. By the time that coverage starts to subside, our next release will be out there.
Regarding the 8K filed on Friday, MDCE has a very sound financial team which is constantly working to recommend to our Board the best directions in which the company should move at any given time. MDCE's recent actions are in line with that. Obviously, negotiations continue behind the scenes with our financial partners, past and present, for the most favourable terms for MDCE and its shareholders.
Few points guys.
First of all, nobody connected to MDCE is dumping shares. Consultants, like myself, receive blocks of shares for our services. But these are RESTRICTED shares. We cannot sell, trade or reassign them without written permission from MDCE and a subsequent process that takes a lot of time.
Secondly, how could our change of location be a scam? Come on ..... think here! Look at it in everyday terms. I apply for a job as a communications officer. I get an interview during which the hiring person says "You're too highly qualified for this job. We'd like to offer you the position of VP Communications instead."
I'm going to say "No thanks ... officer is what I applied for, officer is all I want"? Come on!
And that's exactly what happened with MDCE. We applied for silver ... the Central Government offered us gold! It's actually a good thing!
The PR initiative has only just begun, folks. 14,000 media outlets across the English speaking world received our general release this morning. I've been fielding calls all day. These TV and radio stations, daily and weekly papers, monthly magazines, websites that will assess and not just reprint, all have deadlines in the future, not today..
Today's market reaction is just that.
Good morning everyone. The following letter to all MDCE shareholders, from CEO Ning Chung Wu, was released earlier today.
BEIJING, CHINA – July 25, 2012 – Medical Care Technologies Inc. (OTCBB: MDCE), a growing American company providing Western healthcare products distribution and children’s healthcare services in China, released today the following letter to shareholders from its Chief Executive Officer, Ning Chung Wu:
Dear Valued Shareholders,
It has been three months since I last formally addressed you, and it is again important for me to inform you, clarify some of your concerns and share some exciting news with you. MDCE has been moving forward on many fronts, and I am extremely pleased with our team’s progress in building our footprint in China.
Growth Opportunity in Prominent Location
In May a growth opportunity was presented for a new location in one of China’s most dynamic cities, and we jumped at that chance! As MDCE’s business model for children’s private healthcare services in China has been well received by officials and locals alike, your Company was officially invited to apply for a license and to open a health center in Shenzhen. This process that would normally take years, obtaining approval from the Chinese Ministry of Health, took a considerably shorter time to achieve. This is another major milestone for us firstly, to be invited and, secondly, to be granted the license to operate a health center in a major, Tier-1 city.
Shenzhen is China’s first and most successful “Special Economic Zone”, and is regarded as one of the fastest growing cities in the world with a population of over 10 million people. Shenzhen has grown beyond the borders of the original Zone and now encompasses an area of 790 sq. miles, larger than New York, London or Los Angeles! With a booming economy, Shenzhen has developed very rapidly into a vibrant commercial powerhouse fueled by the ambitions of its upwardly mobile, educated, entrepreneurial inhabitants. For many Chinese, Shenzhen represents China’s 21st century future (Business in Asia, March, 2012).
Once license approval was granted, our consultants in Shenzhen moved to quickly select a centralized and eminent site for the health center, close to the 2011 Universiade location, in an area of this thriving city which teems with young, urban professional families. I am pleased to tell you that zoning approvals from the city government have also been granted – another major milestone – and renovations can begin immediately. We have already paid the required licenses, bonds and zoning fees.
Our mission became a plan and that plan is fast becoming a reality. Building renovations can be completed rather quickly in China. Our project development and construction crews are ready to start as soon as we finalize our construction financing. We expect our Shenzhen center to be open to the public by the end of the 2012 fiscal year.
Dongguan
Many of you have been wondering when we will be announcing the health center opening in Dongguan? This was our initial site selection and, whilst an excellent choice, Dongguan is still considered to have a less prominent profile than Shenzhen. “Dongguan is like a silver medal at the Olympics and Shenzhen is the gold!” stated Peter Verner, Senior Communications Advisor for Medical Care Technologies Inc.
We have renegotiated our lease contracts and maintain our permissions to open there at no ongoing costs. We have progressed steadily since we announced our presence there last year however, because of MDCE’s growing favored player status and reputation for what we are undertaking in children’s healthcare in China, the political arena played a very strong role in changing our course. Our official invitation, followed by your Board’s decision to set up in Shenzhen has secured a strong, ‘first-mover’ footing in a Tier-1 city. Our Shenzhen operations must take priority for now and we will announce the news on the status of the Dongguan health center in due course. Dongguan remains our supporting and auxiliary site in Guangdong Province.
Reiterating No Reverse Split
I would like to address one of our most common shareholder questions and restate that there is no reverse split planned in the foreseeable future.
Looking Ahead To A Bright Future
My primary goal is to create value by positioning MDCE to effect positive change: positive change in health care, as health care is all about people. I firmly believe once we can affect this, a positive change in MDCE’s market position will follow. I am confident that you, our shareholders, are going to be greatly rewarded for your astute choice and faith in MDCE.
Sincerely yours and on behalf of the Board,
Ning Chung Wu
Chief Executive Officer
Medical Care Technologies Inc.
Anybody still up out there? The following Press Release was issued to the world's media at midnight tonight, eastern time.
BEIJING, CHINA – July 24, 2012 – Medical Care Technologies Inc. (OTCBB: MDCE), a growing American company providing children’s healthcare services and product distribution, has become the first Western corporation to be asked by the government of the PRC to open a private pediatric clinic in China.
“Our business model for children’s private healthcare services in China has been well received by officials and locals alike, and we were officially invited to apply for a license and to open our first health center in the city of Shenzhen,” said Ning Chung Wu, CEO of Medical Care Technologies Inc.
China’s burgeoning middle-class is estimated to be 300 million strong. With disposable incomes unheard of 25 years ago, they have been demanding comprehensive health care services for themselves and their children. Studies show that 80% of middle-class Chinese consumers are dissatisfied with the country’s public health care and are willing to spend up to 7 times more for private services. (American Business Journal, April, 2011)
The dynamic city of Shenzhen, in the southern province of Guangdong, is China’s first and most successful “Special Economic Zone”, and is regarded as one of the fastest growing cities in the world. It now encompasses an area of 790 sq. miles, larger than New York, London or Los Angeles. With a booming economy, Shenzhen has developed very rapidly into a vibrant commercial powerhouse fueled by the ambitions of its upwardly mobile, educated, entrepreneurial inhabitants. For many Chinese, Shenzhen represents China’s 21st century future (Business in Asia, March, 2012).
Shenzhen’s population of around 10 million includes over a million children. “We aim to become the leader in children’s private health and wellness centers in China by providing integrated services in a high quality, warm and caring environment”, said Medical Care Technologies Inc.’s CEO, Ning Chung Wu.
“Once license approval was granted, our consultants in Shenzhen moved to quickly select a centralized and eminent site for the clinic, close to the 2011 Universiade location, in an area of this thriving city which teems with young, urban professional families”, added Luis Kuo, the company’s Chief Operating Officer. “Zoning approvals from the city government have also been granted – another major milestone – and renovations can begin immediately.”
The company estimates that the Shenzhen clinic should be open to the public before the end of this year.
Medical Care Technologies Inc. already had a license to open a children’s clinic in the smaller Guangdong city of Dongguan.
“Dongguan was like a silver at the Olympics, but Shenzhen is the gold!” commented Peter Verner, Senior Communications Advisor for Medical Care Technologies Inc.
A clinic is still planned for opening in Dongguan in the near future and negotiations are currently underway for children’s health care centers across China, including Beijing, Shanghai, Guangzhou and Tianjin.
There seems to be some confusion over my use of the term "heads up" when it comes to MDCE information. Allow me to explain. Significant developments are communicated to the public through press releases. Each recipient of these releases, and there are many of them, has its own deadline for publication or broadcast. The lag time between our issue of a release and its publication can be quite long. Here's an example. We issued a release announcing my appointment to MDCE back in May.
Healthcare Finance News is publishing a short article based on this release in its July 25th issue. That's over two months after the event, a very minor one I'll admit, actually occurred.
My offer to shareholders was a "heads up" on MDCE news so that you would not have to wait until the story physically appeared somewhere. Once a release goes out, its information is deemed to be in the public domain and I can tell whoever I want.
Mei Mei is absolutely correct. Sun Communications is our marketing organ in China. It is positioning MDCE to connect directly with parents who will purchase our services at our clinics. Sun is the most experienced agency in PRC to do this and has an impressive client list of western healthcare companies to prove it. Sun's association with MDCE goes even farther than that. Sun's CEO sits on MDCE's Board of Directors.
In the West, our market is not Chinese parents. The market of MDCE's Communications Department, and myself in particular, is the general investing public. I try to sell MDCE. My goal is to increase our share price. It is an immensely complicated process. As you all know, the stock market is subject to movements and trends far beyond our control. As a professional Communicator my instinct is to "push, push, push". MDCE's Corporate Affairs unit is the finest I have ever worked with. These guys are on point and spot on. Their intelligence dictates my actions. Sometimes, frankly, it can seem frustrating. But we all work for a common goal .... the goal we share with you folks .... the goal of increasing our worth.
Under SEC regulations, it is illegal for me, or any other officer or employee of MDCE, to pass on any information regarding the progress of our company, which might benefit existing shareholders at the expense of society at large. I am unable to provide you with any form of "heads up" on developments which may or may not be progressing at paces anticipated or unanticipated. I will inform you, officially, of positive developments as these are released to the media. Please understand what I am saying and govern yourselves accordingly.
Quick word about press releases .........
Ours are distributed to a vast array of media outlets, online, print and broadcast. They also go out to brokerages and other interested parties. It's a very long list.
There's one cardinal rule about a release .... it must contain "news", a specific event, a punchline, something concrete. A release saying that something is about to happen soon, just doesn't cut it. In fact it will annoy media editors who've just wasted a second or two of their precious time skimming it over. We do not want to annoy these folks.
MDCE has a good reputation with the media. We play by the rules and we get published when we send out our genuine releases. We must not jeopardize this relationship by being impatient and sending out speculative pieces.
Within a few weeks we will have significant concrete developments to share with everyone out there. I'll post that release here as soon as it's written ... giving you the "heads up".
In the meantime, I'm redrafting our website and getting us established on social media. When our release is published, that's where people interested by our story in the media will go for further information. They'll need to find it, embrace it and be motivated enough by it to invest and join us.
Substantial revisions to the MDCE website will commence next week. All current content will be updated and rewritten. What else would you like in there? Suggestions would be much appreciated.
Yes, I am indeed me. I know this because if I stick a pin in my leg, it hurts.
Next month is important for MDCE. I will have significant developments to report.
To put you fully in the picture, we actually have local agents/consultants, on the ground in China, constantly liaising on our behalf with the authorities. Much of this is the basic legwork that a project of our magnitude entails ...... keeping the ball rolling, if you like. Our COO is on the phone almost nightly with them, monitoring the intricate but steady progress forward.
Next month, our Executive Team, including the CEO and COO will be in Beijing for high level personal meetings with the Chinese Government. That's where we stand. Read into that what you will.
Yes, it's taken a long time. But let's just look at this from the perspective of the Chinese government.
How much time and effort do we invest checking out a daycare centre for our own kids?
MDCE is proposing a lot more than a daycare. We're going to take over the health and wellness of a generation of China's kids. That's a massive responsibility and the Chinese Government cannot and should not do anything other than go over every single detail of our proposals with the finest of tooth combs. The process will take as long as it takes. How could it be otherwise?
Peter Verner. Posting email content on IHub
A number of you have asked if you can post email responses I've sent to you personally, in whole or part, here on Ihub. Absolutely! My goal is to get as much information as possible to as many shareholders and potential shareholders as I can. Help me out here guys!
Hello everbody. I'm Peter Verner, Communications Advisor with MDCE. Clearly this is where the action is and I'd like to join in. Many of you have legitimate issues regarding MDCE's information flow. And you need a clear picture of exactly what's going on and where we stand. I received an email at the weekend from a shareholder, a real cry from the heart. I'd like to copy all of you now on my resonse to him. Regard it as a "State of the MDCE Union" address. It's very long but it had to cover a lot of ground. Please take the time to read it. I look forward to your feedback. From now on please address all your enquires to me directly, either here or at p.verner@medicaretechinc.com. I'm open for business.
MDCE’s senior management team recognized shortcomings in its dissemination of information some time ago.
Corporate updates to shareholders and media releases for the general public were issued on an ad hoc basis.
The website sat, largely untended, during inevitable periods of inactivity while we played the waiting game with Chinese officials.
MDCE has responded decisively by hiring a professional, full-time communications advisor to rectify these shortcomings.
I’m designing a Communications Strategy, a blueprint for the seamless unfolding of the MDCE story, chapter by chapter.
The extent of your need for current information has encouraged me to advance my timelines.
Every possible avenue of communication is being explored
to keep you all up to speed on every element of MDCE’s progress on a regular basis.
I don’t like silence. In the past there have been many times when we’ve had to sit and wait for decisions from bureaucrats in China on one set of negotiations before we could move on and begin the next.
This may happen again in the future as we expand our network to other cities across the country …. a new set of negotiations each time, I’m afraid. Instead of simply being quiet and waiting until there’s something concrete to report, I’ll tell you that we’re waiting. And, if need be, I’ll repeat it the next week.
A website review will begin at once.
I will establish an active presence on IHub.
MDCE also plans to go “Facebook”!
It’s not just for kids anymore. Social Media is the single most powerful tool for communication on earth.
We’ll be setting up a corporate account on Facebook and will be posting information daily, always inviting our shareholders to participate, respond and give us feedback.
This is a constant two-way flow of information, open 24/7. We’ll also assess the suitability of other social media sites.
Obviously, you all chose to invest in MDCE because you saw real potential to make money, to increase your wealth. But you’ve done that with every investment you’ve ever made.
I’m going to suggest that there’s more at play here.
MDCE has embarked on a project of historical proportions, the magnitude of which I, for one, have never seen before.
We’re not manufacturing aluminum siding in Peoria.
We’re engaged with the most populous nation on earth, a country whose economic and social development is expanding on a scale and at a pace unparalleled in human history.
China is a proud, independent thinking society and yet it’s
prepared to entrust its most precious asset, the health and wellness of its children, the generation that will lead the country in the decades to come, to us. To MDCE, a foreign company.
That’s exciting. It’s not siding in Peoria!
Our shareholders should feel and share in that excitement. Call it value added. You’re a vital part of MDCE and we intend, from now on, to give you the inside track on our project, one that’s soon going to capture the attention and imagination of millions of observers worldwide.
It’s that public interest that will, in large part, dictate MDCE’s share price.
The value of MDCE sock is very low because we’re not doing business yet. We’re not making any money. New companies, still in their planning stages, just like us, are highly unlikely to progress beyond the pennies level.
There may be minor fluctuations, a slight increase whenever we say something, a decline after a period of perceived inactivity when we have been silent.
The fact that MDCE shares once traded as high as 47 cents, in the early days of the company, is a testament to how analysts viewed our potential, reinforced by the public’s interest in what we were planning.
We gradually faded from the public eye during those negotiations to obtain the permits, licenses and approvals necessary to operate our clinics.
It’s time to rekindle that original flame. We need to win back the public’s interest.
We can do this using the same tools that will keep you, our shareholders, properly informed. A strong social media presence and a campaign directed at the traditional media, TV, radio and print.
It’s called “generating a buzz” and the timing is perfect.
We are very close to the realization of our goals and on the day when we announce that MDCE has cleared the last bureaucratic hurdle in China and is ready to open its doors to its first patients, we will have a solid base of public awareness from which to launch an intensive media blitz.
Doing business WITH China has become quite simple for the West.
China is open for business but it’s not about to sell the family farm.
Doing business IN China is still a lengthy and complicated process for foreign companies. Obtaining the necessary approvals, permits and licenses to set up shop on Chinese soil is tough for any business. The process, on average, can take up to five years, for companies engaged in general commercial enterprises.
But MDCE is in the business of China’s future, its children. Imagine how much more complex those negotiations have been. Given that, it’s remarkable what MDCE’s executive team has achieved in the relatively short time of two years.
Our team is now very close to the successful conclusion of its efforts. Negotiations are essentially complete.
We are now awaiting answers from Chinese officials to a few outstanding details. We expect to receive them as early as next month and then we can begin what we set out to do.
In the West, a company secures its appropriate registration, qualifies for any necessary licenses, obtains planning permission and goes about its business, basically, as it sees fit.
China, however, retains the right to considerable input into how a foreign company operates on its home turf.
Here’s an example. Let’s say bureaucrats in China’s federal Health Department identify a pressing need for pediatric psychiatry, based on the speed of progress in the country and the stress it might cause children caught up in such a whirlwind.
China has the right to tell us that psychiatry must be our initial priority and we are obliged to comply. This has an obvious bearing on the physical layout of our premises, the equipment we must install and the staff we must hire before we can open our doors.
That’s all we’re waiting for now. And the answer is weeks, not months, away.
We are finally on the threshold and we are ready.
Investors like you have been our backbone.
Sadly we seem to have neglected to tell you that.
We’re doing it now. Thanks. Thanks for your patience and your loyalty.